Friday, May 20, 2011

Akamai Rallies On Renewed Takeover Speculation

Shares of Akamai Technologies Inc. (NASDAQ: AKAM) rallied more than 4% Friday on renewed speculation that the company could be a takeover target. The takeover speculation particularly gained ground after a regulatory filing showed that its Chief Scientist, Leighton Thomson recently bought 50,000 shares of its stock. Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. Stay tuned for more.

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